Tuesday, March 4, 2014

So Bright Green, It Hurts My Eyes!

After yesterday's big gap down, today opened with a big gap up and new highs. Plus a close at new highs for the S&P500 and small caps. The picture below explains the title. Apparently, the news about Ukraine is already digested...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro tried to attack 1.38 again, but fell back to the low of the day.
Oil pulled back to the $103-level, kind of the breakout area.
Copper made +1%-gains, but gold and silver both fell more than 1%.

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